$NIO TOP 20
Added 2023-05-12 19:36:32 +0000 UTCWhat a difference a day makes. Down below that $8 'support line' and below the 50 Day MA too. So we are watching next week for a movement down for Subwave 5, it may have started already.
Once this is confirmed, we'll be watching for the buy zone again and this time, it should move down lower, possibly going below $7. I suspect a lot of our members will have started their first positions, or added again by this stage.
I think if you can aim to keep your buying average between $6.50 and $6.80, this would put you in a strong position. If it goes lower, to the bottom of the buy zone, even better to add but we will not be aiming to chase the bottom here.
Comments
Thanks! Will you be adding in subwave 5 of wave 3 and wave 5 on the way down?
Peter C
2023-05-12 21:05:43 +0000 UTC
